Commodities

“Fears about a resurgence of the coronavirus are taking a backseat to continued signs of rapidly improving demand,” says Phil Flynn, a Chicago-based senior market analyst at the Price Futures Group.

Wall Street investors are stockpiling aluminum as a way to make money when returns on bonds are low.

The sprawling Permian Basin oil field straddling Texas and New Mexico is securing its place at the center of U.S. oil production as companies concentrate on their richest targets.

Energy company BP says that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic.

West Texas Intermediate crude oil topped $40 per barrel for the first time since March after OPEC and its allies extended historic production cuts through July.

OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic.

The 23-member OPEC and its partners, led by Russia, are expected to approve an extension Saturday of the historic production cuts reached in April.

Gold has been used as a medium of exchange for thousands of years.

Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm's collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors.

The stories of WTI and Brent crude -- each an oil market benchmark -- reflect decades-long shifts in global demand for crude.

Crude oil broke a nearly 30-year-old record high for monthly gains in May 2020.

Tyson will pause work at the plant for two days

This occurs when the spot price is higher than the future price.

CME Group's trading pits will remain closed for at least three weeks after Illinois' stay-at-home order is lifted.

Contango occurs when investors are willing to pay more for a commodity in the future.

Holidays in Singapore, London and New York dampened trade, as rising concerns over demand recovery offset supply cuts.

Beijing is lagging in crop purchases it promised to make under a trade deal with the Trump administration.

Memorial Day weekend is the unofficial start of the usually lucrative summer travel season.

Hurricane season 2020 could be as severe as 2005 which included Katrina.

U.S. crude oil stockpiles for the week ended May 15 fell by 4.98 million barrels, according to the U.S. Energy Information Administration.